CSCharityScored
85

The Festival Foundation

Human Services · Traverse City, Michigan

521 S Union St, Traverse City, MI 49684-3246

EIN: 260883148· Founded: Dec 2007· 19 years active· Filing Year: 2023

Annual Revenue

$5.4M

Total Expenses

$5.3M

Total Assets

$1.4M

Program Spending

81%

of expenses go to programs

Compensation & Payroll

Total Officer Compensation

$129K

2.4% of total expenses

All officers, directors, and key employees combined

Other Salaries & Wages

$474K

Total Payroll

$602K

11% of total expenses

Where the Money Goes

81%
Programs: 81%
Payroll: 11%
Other overhead: 19%
Program Revenue$4.3M (81%)
Total Expenses$5.3M (100%)
Payroll$602K (11%)
Overhead (non-program)19%

Trust Score Breakdown

Program Spending Ratio

81% of expenses go to programs

40%

Revenue & Stability

$5.4M annual revenue

15%

Executive Compensation

$129K total officer comp (2.4% of expenses)

20%

Filing Recency

Most recent filing: 2023

15%

Asset Strength

$1.4M in assets

10%

Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.